summary
Introduced
01/21/2020
01/21/2020
In Committee
03/03/2020
03/03/2020
Crossed Over
02/28/2020
02/28/2020
Passed
Dead
07/10/2020
07/10/2020
Introduced Session
2020 Regular Session
Bill Summary
Amends the aggregate cap amount of the tax credit for research activities. Applies to taxable years beginning after 12/31/2020. Takes effect on 7/1/2112. (HD1)
AI Summary
This bill amends the aggregate cap amount of the tax credit for research activities in Hawaii. Specifically, it removes the previous $5 million cap and instead sets an unspecified aggregate cap amount. The bill applies to taxable years beginning after December 31, 2020 and takes effect on July 1, 2112.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (14)
Daniel Holt (D)*,
Lisa Kitagawa (D)*,
Sam Kong (D)*,
Chris Lee (D)*,
Nicole Lowen (D)*,
Robert McDermott (R)*,
Angus McKelvey (D)*,
Nadine Nakamura (D)*,
Scott Nishimoto (D)*,
Takashi Ohno (D)*,
David Tarnas (D)*,
Gene Ward (R)*,
Justin Woodson (D)*,
Mark Nakashima (D),
Last Action
Referred to WAM. (on 03/03/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
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